IRS wants $38B in unpaid taxes from Alameda, Milady token surges 3,000%, restraining order for Arthur Hayes over 3AC “threatening” words. IRS wants $38 billion tax from Alameda According to recent filings by the claims agent of bankrupt cryptocurrency exchange FTX, the United States Internal Revenue Service is claiming a total of $44 billion from…
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Huawei unveils latest in wave of Chinese ChatGPT rivals, Alibaba’s multichain bridge, Hong Kong crypto exchange regulations imminent. Our weekly roundup of news from East Asia curates the industrys most important developments. Hong Kong inching close on a clear crypto regulatory pathway A few months after prominent industry players lamented the lack of registration pathways…
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3AC’s Kyle Davies becomes a connoisseur of white poultry, meanwhile SAI.TECH’s stock more than doubles on no news as Bruce Lee NFTs flunk. Our weekly roundup of news from East Asia curates the industrys most important developments. Three Arrows Capital (3AC), a once-bourgeoning Singaporean hedge fund worth an estimated $10 billion at its peak, was…
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Bitcoin’s day of glory on Chinese TikTok, 30M crypto fans still in China, Justin Sun’s subpoena after dream rendezvous with Web3 socialite. Our weekly roundup of news from East Asia curates the industrys most important developments. Bitcoin’s day of glory on Chinese TikTok On Apr. 10, Douyin, the version of Tiktok exclusive to Chinese users,…
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Huobi Global’s token crash and ongoing layoffs, 3AC founders deny reports of $1.26 in day 1 volume on new exchange and claim $373 on day 2. Our weekly roundup of news from East Asia curates the industrys most important developments. Blowing up a Singaporean crypto hedge fund worth an estimated $10 billion at its peak…
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Binance’s future threatened after superpowers try to crush it, SBF accused of massive bribe over trading in China, former OKX exec charged. Our weekly roundup of news from East Asia curates the industrys most important developments. Binance’s secret U.S. users On Mar. 27, the U.S. Commodity Futures Trading Commission (CFTC) charged Binance and its founder…
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Chinese crypto billionaire Justin Sun sued by SEC, Do Kwon busted in Casino Royale location, game with 180 million players embraces Polygon. Our weekly roundup of news from East Asia curates the industrys most important developments. Chinese crypto billionaire sued by SEC On Mar. 22, the U.S. Securities and Exchange Commission, or SEC, announced charges against…
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Chinese billionaire using crypto to fight communism charged over $1 billion fraud, Do Kwon’s $11M bet comes due, Zhu Su bonds with Islam. Our weekly roundup of news from East Asia curates the industrys most important developments. Chinese billionaire arrested in U.S. for $1B financial fraud According to an announcement published by the U.S. Department…
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Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong moves bullish On Feb. 20, the Securities and Futures Commission (SFC) of Hong Kong launched a consultation on its proposed regulatory requirements for digital asset trading platforms. The SFC requires the licensing of all cryptocurrency exchanges operating in Hong…
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Our weekly roundup of news from East Asia curates the industry’s most important developments. Huawei moves to trademark its NFTs According to a Jan. 28 report by Sina News, Chinese telecom giant Huawei has recently filed for eight trademarks related to its Huawei “YunYunBao” nonfungible tokens (NFT) series. The trademarks include digital collectibles in the…
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